Cespira Revenue Increase
Cespira increased its revenue by 19% over the same period last year to $19.3 million in the quarter, driven by higher volumes.
Improved Gross Margin
Gross margin improved to 31% in Q3 2025 compared to 14% in Q3 2024, driven by higher margin engineering services revenue.
Strong Cash Position
The company ended the quarter with $33.1 million in cash and reduced outstanding debt to $3.9 million, strengthening its financial position.
Strategic Focus on Heavy-Duty and Alternative Fuel Systems
Completion of the Light-Duty segment divestiture allowed Westport to concentrate on core heavy-duty and alternative fuel systems, marking a strategic shift.